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India’s Nazara raises $101m via preferential issue
Indian gaming giant Nazara Technologies has secured 855 crore rupees (US$101.1 million) through a preferential issue of over 8.9 million fully paid equity shares.
This latest funding round was led by SBI Mutual Fund, contributing 220 crore rupees (US$26 million).
Nazara plans to use these funds for strategic acquisitions and business expansion. They also seek to increase their stake in Absolute Sports, the owner of Sportskeeda, to 91%.
Recent Nazara Technologies developments
| Timeline |
|---|
19-Sep-2024 🎮 India’s Nazara to raise over $100m in its largest fundraise so far
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13-Sep-2024 🎮 Nazara acquires 47.7% of Indian gaming firm for $99m
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13-Mar-2024 🎮 Indian gaming giant Nazara earmarks $100m for global expansion
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07-Sep-2023 🎮 Indian gaming giant Nazara Technologies raises $49m
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21-Apr-2023 🎮 From NFT gating to Web 2.5: how Nazara’s ex-CEO is tackling crypto games
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| 11-Apr-2023 🎮 Nazara gaming arm buys 51% stake in SG live media firm |
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